RegardingID Archive | Citi invests in ViVOtech

Wednesday, February 13, 2008

New York-based Citigroup has invested in mobile payments vendor ViVOtech. The Santa Clara, Calif.-based company offeres mobile infrastructure software that enables collaboration across all payment providers.

The two companies hope to benefit from the investment by improving the “customer experience,” according to Michael Mullagh, CEO of ViVOtech. The resulting technology advancements also form a foundation for a range of new customer payment, loyalty and promotion services, including personalized discounts and incentives, and faster and convenient transaction experience at the checkout. Financial terms of the deal were not disclosed.

Oracle integrates biometrics into retail POS

Oracle has released a new version of Oracle Retail Point-of-Service that aims to increase security, operational efficiency and functionality in part by integrating biometrics.

Oracle partnered with DigitalPersonal to add integrated biometrics to the POS package. Users of the software will login using their fingerprint, which will replace the need for PINs or passwords. This feature intends to reduce fraud by eliminating the possibility of unauthorized employees using a manager ID or swipe card to access the POS and approve overrides.

Visa joins Google Wallet

Visa has announced that it will license its payWave contactless payment technology to Google for its mobile payments and loyalty service, Google Wallet.

The agreement sets the stage for banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet - a mobile app that lets NFC-enabled smart phones carry payment and loyalty cards, digital coupons, tickets and more.

ARTS and EPASOrg develop protocol to support new payment technologies

In Europe, the Association for Retail Technology Standards (ARTS) and EPASOrg has developed a new global standard to help accommodate changes in new payment technologies, according to SupermarketNews.com

Citi jumps into EMV fray

Citi announced the launch of the Citi Corporate Chip and PIN card, a compliant smart card designed for U.S. corporate cardholders traveling abroad.

The cards, which include an embedded microprocessor, were developed in direct response to clients’ needs to use their U.S. commercial cards while traveling to regions where merchants are more familiar with chip cards and for use at unmanned kiosks where an agent is not always available to run the transaction through a point of sale device.

Citi achieves PIV-I cross-certification with CertiPath

CertiPath and Citi’s Global Transaction Services announced that Citi has achieved cross-certification to the PIV-I standard with the CertiPath identity bridge.

CertiPath is the U.S. Federal PKI Policy Authority partner in testing PIV-I credentials, used for both physical and logical access. Certipath’s architecture and operational systems for a single credential provide secure access and interoperability for employees, customers and partners.

Superdrug launches contactless payment at more than 50 stores

Superdrug, one of Britain’s largest beauty and health retailers, has introduced contactless payment for its in-store customers, according to Retail Gazette.

Created by Streamline and Visa Europe, the contactless system will enable customers to make payments of up to £15 (approx. USD $23) by simply waving their contactless bank card at the more than 50 participating Superdrug stores in London and Liverpool.

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Citi invests in ViVOtech